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Don’t Make These Rental Property Mistakes

Owning rental property can be a great way for you to generate extra income or even build a budding rental property empire. Yet, there are potential pitfalls that might sink your ambitions as well as your bank account. The following are some pointers you can follow to help ensure your success and avoid a business disaster. Have a Plan One of the worst things you can do is buy a rental property without putting any thought into it or having a plan for ensuring long-term profitability. You must...

Why Your Colleagues are Investing in Turnkey Rental Properties

A turnkey rental property is one that you immediately can begin renting out and increase your revenue stream. Yet, many entrepreneurs are wary of the higher cost the comes with buying a turnkey property when compared to the lower cost of buying a property that you need to rehabilitate to make it livable. It’s much more enticing to buy a relatively cheap property, fix it up, and start renting to generate a seemingly higher profit. But, unfortunately, that isn’t always the case. Problems W...

Warren Buffett Predicting Upcoming Stock Market Crash?

TIME IS MONEYBy John Whitefoot This article was originally published by: Profit Confidential When it comes to investing in the stock market, we’re told to follow the smart money. Who might that be? The most influential investors/businessmen in America today are Warren Buffett, John Paulson, and George Soros. Their investing acumen has helped them amass billions of dollars and millions of followers. With the stock market trading at record highs one would think they’re still snapping up U.S. stocks. ...

How to Estimate Rental Property Expenses

When considering a rental property, you'll first analyze the features of the property to determine the expenses of owning it. Knowing your expenses will aid in setting a rent cost and indicate ahead of time if the property will turn a profit. To calculate your expenses, consider your maintenance costs, home owners' association (HOA) fees, property tax, property management fees, and insurance; these are all costs beyond the mortgage. Once you determine your costs, use the number to calculat...